2 publishers · first seen Thu, 29 Oct 2026 18:39 UTC · updated Thu, 29 Oct 2026 19:59 UTC
People Inc. is laying off 195 employees, representing about 6% of its workforce, primarily in print and legacy web divisions, CEO Neil Vogel announced in an internal memo on Thursday. The company, formerly known as IAC and rebranded as People Inc. in 2025, cited rapid changes in the media landscape as the reason for the restructuring, emphasizing a shift toward digital investments and diversified revenue streams. Vogel stated that 320 new employees have been hired in 2026, with further investments planned for 2027.
The company reported $416.7 million in revenue for Q2 2026, with digital revenue rising 6% to $289.9 million while print revenue fell 16% to $132.6 million. Total digital sessions dropped 23% year over year to 1.89 billion. People Inc., led by chairman Barry Diller, will report Q3 results on November 3, followed by an all-hands meeting to outline its 2027 strategy.
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